Which of the following qualitative characteristics of information included in financial statements have been identified in the

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Which of the following qualitative characteristics of information included in financial statements have been identified in the IASB’s Framework as desirable for promoting reliability:

(i) Faithful representation 

(ii) Timeliness 

(iii) Materiality

(iv) Comparability 

(v) Prudence 

(vi) Neutrality

(vii) Substance over form 

(viii) Relevance

(ix) Understandability

(x) Completeness

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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